“You money reformers are all alike — you think you can just throw money at the problem!”
It’s true. We think we CAN solve our economic problems by throwing money at them, money generated as credit by a publicly-owned bank. Money is just a legal agreement between parties and the community. It doesn’t need to be dug out of the ground, and it doesn’t need to be borrowed from someone who is hording it. It can be created as credit on the books of a publicly-owned bank, the credit of a community willing to advance goods and services on the promise of being repaid in equivalent value from the fruits of the borrower’s labor. This blog is for people interested in pursuing that sort of approach to the current credit crisis.